(GLL) ProShares UltraShort Gold - NYSE
ETF Category: Trading--Inverse Commodities | Exchange: NYSE (USA) | Market Cap: 123m USD | Total Return: -41% in 12m
Avg Turnover: 75.9M
Warnings
No concerns identified
Tailwinds
Seasonality
ProShares UltraShort Gold (GLL) is a USA-based ETF in the Trading--Inverse Commodities category that seeks to track the inverse performance of its gold benchmark. Rather than holding physical gold, the fund gains exposure primarily through Financial Instruments, including swap agreements, futures contracts, and forward contracts.
The funds derivatives-based approach is characteristic of inverse commodity ETFs, which use synthetic positions to deliver short exposure to an underlying assets price movements. Launched in December 2008 and structured as a micro-cap product, GLL operates within the leveraged and inverse ETF segment, an area where issuers like ProShares specialize.
- Gold prices fall as US dollar strengthens against major currencies
- Federal Reserve hawkish stance pressures gold bullion prices lower
- Geopolitical risk premiums ease reducing safe-haven gold demand
As of June 29, 2026, the stock is trading at USD 26.26 with a total of 1,484,324 shares traded. Over the past week, the price has changed by +7.01%, over one month by +20.24%, over three months by +20.62% and over the past year by -41.02%.
Current recommended Stop Loss: 25.00 (which is 4.8% or 1.2 ATR below the current price).
ProShares UltraShort Gold has no consensus analysts rating.